SHT Smart High Tech AB (Smart High Tech) and Henkel AG & Co. KGaA (Henkel) have reached a principal agreement to mutually explore a partnership regarding Smart High Tech's thermal interface material technology (GT-TIM^®). We firmly believe that with Smart High Tech's cutting-edge technology and Henkel's extensive customer experience, deep application expertise, and expansive sales network, we will be able to significantly accelerate the introduction and adoption of our GT-TIM^® technology. This promising collaboration is currently being finalized. We are excited about the potential of this partnership to drive innovation and deliver exceptional value to our customers.

Collaboration with Thermal Grizzly will continue as before.

A brief introduction to Henkel:

Founded in 1876, Henkel today holds leading market positions worldwide in the industrial and consumer businesses. The company is headquartered in Düsseldorf, Germany, and employs around 48,000 people in more than 120 countries.

Henkel's preferred shares are listed in the German stock index DAX. The company generates an annual revenue of around EUR 22 billion, shared evenly between its two business units Consumer Brands and Adhesive Technologies.

Henkel Adhesive Technologies - is the world's leading manufacturer of adhesives, sealants and functional coatings in more than 800 industry segments with well-known global brands such as LOCTITE^®, TECHNOMELT^® and BERGQUIST^®.

For more information about SHT Smart High-Tech AB, please contact:

CEO Lars Almhem
+46 704 180 000
lars.almhem@smarthightech.com

This disclosure contains information that SHT Smart High-Tech AB is obliged to make public according to the EU's Market Abuse Regulation (EU nr 596/2014). The information was submitted, through the care of the above contact person, on Nov 27, 2024.

This is a translated version from the Swedish original.

Briefly about SHT Smart High-Tech AB:

SMART HIGH TECH is a company focusing on developing and producing new nano-based solutions with its patented product GT-TIM^®. This innovative "Thermal Interface Material" (TIM) employs a distinctive graphene-enhanced interface material for cooling electronics and power modules. It effectively dissipates heat in both vertical and horizontal directions. The industry demands enhanced cooling capabilities to further the development of high-performance electronics that are smaller, lighter, faster, and more functional while promoting sustainability through reduced energy consumption.

SMART HIGH TECH envisions establishing itself as a leading supplier of nano-based solution for all sorts of thermal management applications. And thereby making a real contribution to a sustainable society. They aim to achieve this through extensive automation and a unique, patented graphene-reinforced cooling material. SMART HIGH TECH produces their GT-TIM^® product in Gothenburg, Sweden, and Shanghai, China, and sells it to both companies and consumers in the global electronics market.